<span>A core competence is an activity that a company performs quite well and that is also central to its strategy and competitiveness. A core competence is a more important resource strength than a competence because it adds power to a company's strategy and has a bigger positive impact on its competitive strength and profitability</span>
Answer:
The number of check-ups in this market would decrease.
Explanation:
This is an example of price ceiling.
Price ceiling refers to a legal maximum price that is set by the government for a commodity to be sold.
Price ceiling set below the equilibrium price will result in a supply shortage as it will be effective and binding, while price ceiling set above the equilibrium price will not affect quantity supplied in the market as it will not be effective and binding.
Since the $40 price of heck-up is below $50 equilibrium price, it will result in shortage supply and the number of check-ups in this market would decrease.
In order to have competition in a market economy, there must be at least 2 or more sellers acting independently in a particular market.
<h3>What is
competition in a market economy?</h3>
competition in a market economy serves as one that allows multiple individuals as well as businesses to use resources efficiently as well as producing the cheapest products without compromising quality.
It should be noted that In order to have competition in a market economy, there must be at least 2 or more sellers acting independently in a particular market.
Learn more about competition at:
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Answer:
$205,000
Explanation:
Sales = $210,000
Opening accounts receivables = $20,000
Ending accounts receivables = $25,000
Using the formula
Opening accounts receivables + Sales - Cash collected = closing accounts receivables
$20,000 + $210,000 - Cash collected = $25,000
Cash collected = $20,000 + $210,000 - $25,000
= $205,000
The cash collected from sales reduces the balance in the accounts receivables.
Answer:
Price=150
Explanation:
Total revenue (TR) is given by 
. We can get the quantity from the demand equation. Then
where p is the price. To find the maximum revenue we take derivatives with respect to the price and equalize it to zero
solving for p we have that p=150
